Analysts Set Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Price Target at $12.10

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $11.70.

Several analysts have weighed in on AOMR shares. Janney Montgomery Scott began coverage on shares of Angel Oak Mortgage REIT in a research note on Thursday, January 2nd. They issued a "buy" rating and a $13.00 price objective for the company. Wells Fargo & Company reduced their price target on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. B. Riley raised Angel Oak Mortgage REIT to a "hold" rating in a report on Tuesday, January 7th. Finally, Jones Trading dropped their price target on Angel Oak Mortgage REIT from $12.50 to $10.50 and set a "buy" rating for the company in a research note on Thursday.

Angel Oak Mortgage REIT Stock Performance

AOMR traded up $0.10 during trading on Friday, hitting $7.86. The stock had a trading volume of 10,805 shares, compared to its average volume of 114,187. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The firm has a market cap of $184.59 million, a price-to-earnings ratio of 2.68 and a beta of 1.44. The company has a 50 day moving average price of $9.43 and a 200-day moving average price of $9.60. Angel Oak Mortgage REIT has a one year low of $7.36 and a one year high of $13.32.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 16.30%. Angel Oak Mortgage REIT's dividend payout ratio is currently 112.28%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AOMR. Ritholtz Wealth Management increased its holdings in Angel Oak Mortgage REIT by 162.4% in the 1st quarter. Ritholtz Wealth Management now owns 92,561 shares of the company's stock worth $882,000 after purchasing an additional 57,283 shares in the last quarter. Sanders Morris Harris LLC bought a new position in Angel Oak Mortgage REIT in the 1st quarter valued at approximately $152,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Angel Oak Mortgage REIT by 55.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock worth $60,000 after purchasing an additional 2,300 shares during the period. Alpine Global Management LLC acquired a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at about $956,000. Finally, Two Sigma Advisers LP lifted its stake in shares of Angel Oak Mortgage REIT by 37.6% in the 4th quarter. Two Sigma Advisers LP now owns 26,700 shares of the company's stock valued at $248,000 after purchasing an additional 7,300 shares during the period. 80.15% of the stock is currently owned by institutional investors.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. It offers investment securities; residential mortgage loans; and commercial mortgage loans.